Robot trading: Robot trading: now many professional traders are trading with robot to save their valuable time. Now in trading robot means a program that helps to trade in the perfect market conditions. you have to set a condition to run the program.now 1000 of expert advisors are available in internent, you can buy from their or you can make a program in meta quate app.
Is robot trading safe : yes,it is safe . But you have to set the proper conditions otherwise your account will be blown. Expert advisor needs proper management according to the market .1000 of traders had blown their accounts using expert adviser.
1st of all you have to choose a perfect expert adviser that suitable for your trading conditions.then set the program in your mt4 or mt5 application. Now edit the take profit, stop loss, position style(long/short), trading time, etc
Advantages of robot trading:you don't need to watch the graph everyday.Only you have to set the EA on your mt4 or mt5 app in pc.it give a specific percentage of return every month.
Disadvantages of robot trading:
You have to keep turn on your pc everysec with high-speed internet connection.
Otherwise you can buy a VPS for this type of problem.robot doesn't see the market news .At news time you should keep your EA turn off.If you forgot to set stoploss then you have to close it manually.
Copy trading:
Every broker provide this copy trading facility.In copy trading the trade will open and close automatically according to the master trader trades.In copy trading you don't need any pc for trading .just open an trading account then copy your suitable master trader.
Million of beginners copy the master traders . Beginners earns without any knowledge about trading. In copy trading the master trader charges some ammount of the profit as commission.
Advantages of copy trading: you can
earn without trading knowledge. Just deposite money in broker and copy your master trader .it doesn't need any VPS or 24hours internet connection.
Disadvantages of copy trading:
The master traders trades according to the equity in their account. He doesn't see to your equity situation.If the master trader takes a big risk then your account will be blown.
I found one successful example of this truth through this blog.
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